43-4-703. Submission of ballot question regarding issuance of transportation
171 words·~1 min read·
/co/title-43-transportation/article-4-financing/43-4-703·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
revenue anticipation notes.
(1)The secretary of state shall submit a ballot question to a vote of the registered electors of the state of Colorado at the statewide election to be held in November, 1999, for their approval or rejection. Each elector voting at said November election shall cast a vote as provided by law either "Yes" or "No" on the proposition: "Shall state of Colorado debt be increased up to $1,700,000,000, with a maximum repayment cost of $2,300,000,000, with no increase in any taxes, for the purpose of addressing the critical, priority transportation needs in
the state by financing transportation projects that qualify for federal funding through the issuance of revenue anticipation notes, and shall earnings on the proceeds of such notes constitute a voter- approved revenue change?"
(2)The votes cast for the adoption or rejection of the question submitted pursuant to subsection
(1)of this section shall be canvassed and the result determined in the manner provided by law for the canvassing of votes for representatives in congress.